Latest news with #Docklands
Sky News
21 hours ago
- Business
- Sky News
Aussie giant Macquarie takes off with stake in London City Airport
The Australian financial giant Macquarie is close to snapping up a stake in London City Airport – the capital's fifth-biggest – amid a wider shake-up in its ownership structure. Sky News understands that Macquarie Asset Management is nearing a deal to buy a minority interest in the Docklands airport from at least one of its cluster of Canadian shareholders. Industry sources said City Airport was preparing to make an announcement about changes to its shareholder base as soon as this week, although the Macquarie deal may take slightly longer to finalise, they added. The valuation of any agreement was unclear on Monday. It follows reports earlier this year that Omers and AIMCO, two big Canadian pension funds, had hired bankers at Morgan Stanley to advise them on the sale of their interest in the London airport. Macquarie was named at the time as a potential buyer of the 25% stake owned by Ontario Teachers' Pension Plan (OTPP). London City Airport has been given permission to increase passenger numbers from 6.5 million annually to 9 million, although it was denied the opportunity to extend its Saturday operating hours. It is now seeking other regulatory concessions in order to accelerate its growth, with Britain's aviation capacity featuring prominently on the UK's economic priority list. Macquarie has been a prolific investor in UK airports, having announced the sale of AGS - comprising Aberdeen, Glasgow and Southampton airports - earlier this year.
BBC News
a day ago
- Business
- BBC News
Reduced timetable as new Docklands Light Railway trains delayed again
Newly built Docklands Light Railway (DLR) trains that were due to be introduced in April 2024 will not be ready until later this year, leading to a temporary reduction in services.A fifth of its 90 trains, some of which have been operating since the early 1990s, are being retired this summer. By the end of next year, there should be 54 new Transport for London (TfL) commissioner's report for June states it is "rectifying the signalling issues" discovered during testing last Harvey, TfL's chief capital officer, said: "We apologise for any inconvenience to customers but these changes are necessary to ensure we can maintain the most reliable service possible." TfL hopes to introduce the 54 new trains and replace the oldest 33 in its fleet by the end of Harvey added: "Testing of the new DLR trains - which will significantly improve frequency, reliability and customer experience across the network - is now well advanced and we will soon commence reliability runs."We are working very closely with our supply chain to complete the final activities prior to bringing them into passenger service, and remain on track to introduce the first new trains later this year."To extend the life of the old trains they are replacing, there will be some short-term timetable changes to reduce mileage."
Yahoo
2 days ago
- Entertainment
- Yahoo
History of London's rollercoaster railway where 'passengers can be the driver'
Like a rollercoaster ride in slow-motion, travelling the elevated lines of the Docklands Light Railway (DLR) has become a much-loved experience for many Londoners. First opened in 1987, the railway has grown into a series of interconnecting routes over the years, stretching from the City to south east London. Initially built to serve the Docklands in the hope of spurring redevelopment in the area, the first trains ran from Tower Gateway or Stratford to Island Gardens. The trains were fully automated and driverless, giving passengers the opportunity to pretend to be a train driver for the day (let's be honest, we've all done it). READ MORE - Over the coming weeks, we'll be using maps to tell you the story of each of TfL's lines. The images used in this story have been provided by TfL Corporate Archives. To find out more about the history of the London Underground visit TfL's Google Arts and Culture page - London Tube map from 1988 showing the initial DLR branches from Stratford and Tower Gateway to Island Gardens (Image: TfL Corporate Archives) A station at Bank, which connected to the existing line through an Underground tunnel, was opened in 1991. Three years afterwards, an extension to the railway between Poplar and Beckton was in operation. Tube map from 1994 showing the extension between Poplar and Beckton (Image: TfL Corporate Archives) Before the end of the Millenium, a further expansion of the route had been built, taking trains underneath the River Thames from Island Gardens to Lewisham. The south side of the Royal Docks was the next area to benefit from the DLR, with a new branch between Canning Town and King George V opening in 2005. DLR map from 1997 (Image: TfL Corporate Archives) Four years later, an extension of this spur under the river brought trains to Woolwich Arsenal. In 2011, ahead of the London 2012 Olympics, the newest section of the DLR opened, between Stratford International and Canning Town via West Ham. Tube map from 2000 showing DLR extension to Lewisham (Image: TfL Corporate Archives) The first of 54 new walk-through, air-conditioned trains are expected to be rolled out on the network before the end of this year. A further extension of the Beckton branch is also expected over the next decade, with new stops at Beckton Riverside and Thamesmead. Today, the railway spans 34km of track and calls at 45 stations on three separate branches.
Leader Live
3 days ago
- Sport
- Leader Live
Persica pounces under unstoppable Moore for Diomed gold
Winner of a handicap at the Derby meeting last year, this time he was up in Group Three company, but that still represented a step down in class from his last race in the Lockinge. While many expected Richard Hannon's charge to make the running, Moore dropped him right out in last place and he came to beat Ice Max by three-quarters of a length as the 6-4 favourite, with the fast-finishing Docklands in third. 'He's one of those horses who's a pleasure to turn up to the races with and he's a good-looking horse who belongs to the right people and he has a chance in any race,' said Hannon. 'Knowing his owners they'll be thinking Japan Cup and Breeders' Cup and something in Australia, but being honest we've always been happy to ply our trade around this level. We might make the occasional jump up on the back of this which I think makes sense, but he has a chance in any race if he gets his ground. 'Ryan said he struggled going down the hill a bit, but I didn't have the guts to tell him he had been here last year and won!' Karl Burke was happy to see the runner-up return to form and said: 'He's run a great race and I'm delighted but he was probably in front 100 yards too soon. 'He is a one-paced horse and he gets the trip but I don't think he overdoes himself once he gets in front and he was ahead a good furlong and a half out. 'It's great to get him back and I think he would have probably preferred it even softer. 'I think the winner just outstayed us in the last 100 yards and he's a good horse. He's a very strong horse and he does need a bit of cover to get into a rhythm. 'Everything went right today baring the leader just didn't lead us another 100 yards and if he had done that I think we might have nicked it.' Meanwhile, all roads lead to the Queen Anne Stakes at Royal Ascot for Docklands after finishing second in the Group One last year. Trainer Harry Eustace said: 'It's frustrating because he's just at that level where everything has to go absolutely right for him, and it just didn't quite. 'He just got in a pocket and he doesn't quicken – he lengthens. The winner and the German horse (Georgraphy) just kept us in a bit longer than Richard (Kingscote) would have wanted, but I can't give any real excuses as they've obviously gone a nice fair gallop and everyone's had a chance. 'He's a legend of a hose for us and that's another good run. He'll definitely go back to Ascot for the Queen Anne as that's always been the plan, but this year it's a much deeper race than last year. 'It's probably the race of the week and he'll go there sort of 20-1, but he loves the track. He could run his absolute guts out and finish fourth.'
North Wales Chronicle
3 days ago
- Sport
- North Wales Chronicle
Persica pounces under unstoppable Moore for Diomed gold
Winner of a handicap at the Derby meeting last year, this time he was up in Group Three company, but that still represented a step down in class from his last race in the Lockinge. While many expected Richard Hannon's charge to make the running, Moore dropped him right out in last place and he came to beat Ice Max by three-quarters of a length as the 6-4 favourite, with the fast-finishing Docklands in third. 'He's one of those horses who's a pleasure to turn up to the races with and he's a good-looking horse who belongs to the right people and he has a chance in any race,' said Hannon. 'Knowing his owners they'll be thinking Japan Cup and Breeders' Cup and something in Australia, but being honest we've always been happy to ply our trade around this level. We might make the occasional jump up on the back of this which I think makes sense, but he has a chance in any race if he gets his ground. 'Ryan said he struggled going down the hill a bit, but I didn't have the guts to tell him he had been here last year and won!' Karl Burke was happy to see the runner-up return to form and said: 'He's run a great race and I'm delighted but he was probably in front 100 yards too soon. 'He is a one-paced horse and he gets the trip but I don't think he overdoes himself once he gets in front and he was ahead a good furlong and a half out. 'It's great to get him back and I think he would have probably preferred it even softer. 'I think the winner just outstayed us in the last 100 yards and he's a good horse. He's a very strong horse and he does need a bit of cover to get into a rhythm. 'Everything went right today baring the leader just didn't lead us another 100 yards and if he had done that I think we might have nicked it.' Meanwhile, all roads lead to the Queen Anne Stakes at Royal Ascot for Docklands after finishing second in the Group One last year. Trainer Harry Eustace said: 'It's frustrating because he's just at that level where everything has to go absolutely right for him, and it just didn't quite. 'He just got in a pocket and he doesn't quicken – he lengthens. The winner and the German horse (Georgraphy) just kept us in a bit longer than Richard (Kingscote) would have wanted, but I can't give any real excuses as they've obviously gone a nice fair gallop and everyone's had a chance. 'He's a legend of a hose for us and that's another good run. He'll definitely go back to Ascot for the Queen Anne as that's always been the plan, but this year it's a much deeper race than last year. 'It's probably the race of the week and he'll go there sort of 20-1, but he loves the track. He could run his absolute guts out and finish fourth.'
